Compliance:Compliance Testing Team

About Compliance

The Compliance department assists the Board and Top Management in managing the compliance risk, that is, the risk of legal or regulatory sanctions, financial loss or reputational loss that the Bank may suffer as a result of its failure to comply with the applicable laws, regulations or code of conduct applicable to banking activities It ensures strict observance of all statutory provisions in various legislations such as Banking Regulation Act, Foreign Exchange Management Act, Prevention of Money Laundering Act, Reserve Bank of India Act, etc as well as the regulatory guidelines issued from time to time, the standards and codes prescribed by BCSBI, FEDAI, FIMMDA, etc and also the Bank s internal policies and fair practice codeAbout the RoleThe Compliance testing team is responsible for testing and evaluating the effectiveness of internal controls, policies, procedures, and processes designed to meet regulatory requirements and/or internal standardsIdentify gaps/issues, if any and provide appropriate recommendation for remediation of gapsCo-ordinate with process owners (business / support functions) for conducting and completing the testing, placing results with clear focus on the gapsOffer recommendations for appropriateness and adequacy, taking up with Compliance Officers for arranging timely redressal of the gapsProvide a unit wise risk overview on the basis of testingQualificationsMBA from a recognized instituteAML Related courses / Programme certification is desirableBanking experience is desirableRole ProficienciesGood communication (both verbal and written) and inter-personal skillsStrong Excel and database manipulation skills, financial and statistical analysis skills)Ability to manage risk and uncertainty for self and team within a dynamic priority-setting environmentAbility to prioritize and make decisions in a fast-paced environmentAbility to work as a part of team and contribute towards team goalsAbility to manage multiple tasks/projects and deadlines simultaneously